Oyster farming refers to the process of artificially cultivating and managing the growth of oysters, with the aim of obtaining their edible, medicinal, and other economic value. Oysters, as an important marine biological resource, are widely cultivated due to their delicious meat, rich nutrition, and unique health and medicinal value. The breeding process includes seedling cultivation, selection of breeding sites, construction of breeding facilities, daily management, and harvesting and processing.
Overview of Market Development
Oyster farming has developed rapidly globally and has become an important economic pillar in many coastal areas. As a major oyster farming country, China ranks among the top in the world in terms of cultivation area and output, with broad market prospects.
In recent years, with the popularization of healthy eating concepts, the demand for oysters in the market has continued to expand, driving the continuous expansion of the oyster farming market. According to our research data, the global oyster farming market is expected to reach $8403 million in 2024, an increase of 2.67% from 2023, and is expected to continue growing to $9836 million by 2029. The CAGR for 2024-2029 is estimated to be 3.20%.
Segmented Market Analysis
According to the different types of oysters, oyster farming can be divided into cupped oyster farming and flat oyster farming. Among them, the cupped oyster farming segment dominates the market, with an expected market share of 78.79% by 2024.
Global Oyster Farming Market Size and Market Share by Type Forecast
Source: www.globalmarketmonitor.com
Market Analysis of Major Regions
From a regional perspective, the global oyster farming market is dominated by three major regions: North America, Europe, and Asia Pacific. The oyster farming market revenue in these three major regions accounts for over 99% of the global total market revenue. Among them, the Asia Pacific region is the largest revenue market. Data shows that the revenue of oyster farming market in the Asia Pacific region is expected to reach $7615 million in 2024, with an estimated revenue share of 90.62%.
Global Oyster Farming Market Revenue and Market Share by Region Forecast
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Regions
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Market Revenue (Million USD)
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Revenue Share
|
|
North America
|
367
|
4.37%
|
|
Europe
|
345
|
4.11%
|
|
Asia Pacific
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7615
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90.62%
|
|
South America
|
41
|
0.49%
|
|
Middle East & Africa
|
34
|
0.41%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Oyster Farming Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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